Item #34
Regular City Council Meeting
City backs $20M bonds for UA Health Services Foundation medical facility
$20.0M
, Red tier (over $1 million)
Council approves up to $20 million in bonds to help the University of Alabama Health Services Foundation acquire and renovate medical facilities in Birmingham. The city is effectively lending its bonding authority to support healthcare infrastructure expansion.
Counterparty:
University of Alabama Health Services Foundation, P.C.
Funding source:
Bond
Action type:
Resolution